Net Zero
"L&F’s Commitment to a Clear and Sustainable Planet"
L&F is making significant efforts to preserve our home, a clear earth.
By actively strengthening the sense of mission to solve environmental issues, all executives and employees will take the lead in reducing greenhouse gas emissions and
converting the use of energy to renewable energy in the entire company. L&F, which paints a bright and cheerful tomorrow for Net Zero, promises to show a clear-minded attitude.
Net Zero
L&F has established specific reduction targets for Scope 1 (direct) and Scope 2 (indirect) emissions, outlining a strategic roadmap to achieve Net Zero by 2050 and RE100 by 2035.
To reach Net Zero by 2050, we have defined three primary strategic pillars.
Additionally, we are actively evaluating diverse renewable energy transition pathways to meet our 2035 RE100 commitment.
Furthermore, to uphold climate responsibility across our value chain, L&F has quantified emissions across key Scope 3 categories and completed third-party verification, solidifying a robust foundation for supply chain carbon neutrality.
Net Zero Strategy
(on-site, PPA, REC)
Net Zero Action Plan
Emissions
to lowcarbon
fuels
Emissions
L&F Net-Zero Reduction Way
Net Zero
L&F has established a 2050 Net zero Roadmap. With the objective of transitioning to 100% renewable energy by 2030, we are committed to reducing indirect carbon emissions through an energy management campaign focused on lowering energy costs. Our aim is to achieve practical carbon neutrality by rigorously monitoring greenhouse gas emissions, diversifying reduction methods, and making significant investments in related facilities.
RE100
RE100 stands for “Renewable Electricity 100%”, referring to the complete transition to renewable energy sources
such as the Green Premium program, REC (Renewable Energy Certificate) purchases, and PPA (Power Purchase Agreements).
In the short term, L&F aims to achieve RE100 by utilizing PPAs, RECs, and the Green Premium program.
In the long term, we will focus on securing a stable supply of renewable energy through PPAs and RECs, with an emphasis
on economic feasibility and authenticity.
Climate Change Adaptation
L&F recognizes the risks posed by climate change, and has identified greenhouse gas (GHG) emissions management as a key focus in its climate response strategy.
We have established separate response plans for direct (Scope 1) and indirect (Scope 2) emissions.
For direct emissions, our approach is centered on three key areas: Transition to low-carbon fuels, Changing business vehicles to EVs, and Residual emission neutralization.
Indirect emissions, which are primarily related to electricity consumption, are addressed through renewable energy transition initiatives and efforts to reduce overall energy usage.
Greenhouse Gas Emissions Management
L&F systematically operates a comprehensive GHG inventory to accurately track operational emissions and analyze site-level trends.
In 2025, Scope 2 indirect emissions from electricity consumption accounted for approximately 98% of our total carbon footprint.
To mitigate Scope 1 emissions?where about 83% stem from the manufacturing process of lithium carbonate application models?we are focusing on exploring the transition to low-carbon fuels, the electrification of company vehicles, and the neutralization of residual emissions.
To address Scope 2 emissions, which stem entirely from electricity usage, L&F is committed to achieving 100% renewable energy by strategically expanding Power Purchase Agreements (PPAs) and Renewable Energy Certificates (RECs).
GHG Emissions
| Category | Unit | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Direct emissions (Scope 1) | Tons of CO2e | 5,162 | 2,663 | 3,087 |
| Indirect emissions (Scope 2) | Tons of CO2e | 145,769 | 135,392 | 135,109 |
| Total emissions(Scope1+Scope2) | Tons of CO2e | 150,925 | 138,049 | 138,193 |
| Intensity emissions | Tons of CO2e / KRW million | 0.032 | 0.073 | 0.064 |
* Greenhouse gas emissions and total emissions and the sum of business site emissions are different. (Business-site truncated emissions are combined by company)
Response to Global Environmental Initiatives
RE100(Renewable Energy 100)
A global campaign aiming for 100% transition of the electricity required for corporate activities to renewable sources.
L&F joined RE100 and executed specific plans → Implementing strategies to achieve RE100 by 2030.
CDP(Carbon Disclosure Project)
A total 91 countries worldwide joined in the initiative.
A global climate change project that discloses GHGs, climate-related risks and opportunities, and carbon management strategies.
L&F has been engaging in CDP evaluations since 2023.
K-RE100
The Korea RE100 (K-RE100) system was introduced in 2021 to encourage voluntary renewable energy use by businesses and contribute to the expansion of domestic renewable energy.
L&F has been participating in K-RE100 since 2024.